195
195
Dec 26, 2012
12/12
by
KPIX
tv
eye 195
favorite 0
quote 0
it would extend the bush era tax cuts for households making less than $250,000, extend long-term unemployment, short-term spending cuts, and make a scheduled drop in medicare reimbursement to doctors. house speaker john boehner said they've had no communication with senator reid. >>> the exconwho ambushed and killed two volunteer firefighters in upstate new york may have murdered his sister. her body was found yesterday, and police say william spamglor had the same kind of military rifle used in the connecticut school massacre. he left behind a chilling note. >> reporter: the christmas eve fire in western new york burned seven homes to the ground, but police say william spangler wanted to do much worse. he planned to burn down the entire neighborhood and "do what i like doing best, killing people." the 62-year-old shot at firefighters from a nearby bank. he killed two of them before taking his own life. police found his note and three guns, including a bushmaster rifle, similar to the weapon used m connecticut school shooting. >> he is a convicted felon. he had murdered his grandmother in 198
it would extend the bush era tax cuts for households making less than $250,000, extend long-term unemployment, short-term spending cuts, and make a scheduled drop in medicare reimbursement to doctors. house speaker john boehner said they've had no communication with senator reid. >>> the exconwho ambushed and killed two volunteer firefighters in upstate new york may have murdered his sister. her body was found yesterday, and police say william spamglor had the same kind of military...
259
259
Dec 27, 2012
12/12
by
KPIX
tv
eye 259
favorite 0
quote 0
senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal from speaker john boehner last week, and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people, and it's why congress has an 11% job approval rating. >> frank lund says americans are fed up with gridlock in washington. >> there is no compromise, and i think that's going to grow as a concern among the public as we move into 2013. >> even starbucks is urging both sides to compromise. its employees are now writing "come together" on coffee cups in all washington, d.c., area stores. now, if congress does not act, experts believe the economy will
senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal...
1,222
1.2K
Dec 30, 2012
12/12
by
KPIX
tv
eye 1,222
favorite 0
quote 0
good morning, norah. >> will there be massive tax increases and steep spending cuts in 2013? we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can do more of the things that i enjoy. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepines
good morning, norah. >> will there be massive tax increases and steep spending cuts in 2013? we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these...
344
344
Dec 27, 2012
12/12
by
KPIX
tv
eye 344
favorite 0
quote 0
there are just five days left before across-the-board tax increases and spending cuts kick in. chip reid is in the capitol. chip, good morning. >> reporter: well, good morning, rebecca. the president boarded air force one in hawaii early this morning and headed back to washington to deal with the so-called fiscal cliff. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, the president wants congress to take the lead in getting the job done. the senate convenes later today and majority leader harry reid has told members to be prepared to work on fiscal cliff issues through the weekend. reid is working on his own plan to get members to come together before the end-of-the-year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short-term spending cuts instead of the massive cuts that would occur if there is no deal. after a wednesday conference call, house republican leaders issued a statement saying they're waiting for the
there are just five days left before across-the-board tax increases and spending cuts kick in. chip reid is in the capitol. chip, good morning. >> reporter: well, good morning, rebecca. the president boarded air force one in hawaii early this morning and headed back to washington to deal with the so-called fiscal cliff. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, the president wants congress to...
478
478
Dec 28, 2012
12/12
by
KPIX
tv
eye 478
favorite 0
quote 0
he will be able to get the taxes on higher earners, tax increases that he's expecting to get. i think there's something for both sides here. i think it is worse for republicans in the longer term if we don't have a deal but i don't think this is going to look great for anybody short term. >> it's the illusion of progress. >> it's the illusion of progress, but you know look if we don't have a deal we are opening markets that are going to be in a bit of turmoil next week. that is what voters are going to see. they're not going to look at a balance sheet and say this is actually worse for boehner's caucus than it is for the president. >> not just here in the united states but the world is watching as we do all this. >> that's right, there are serious, serious global implications in terms of the recovery for the u.s. economy, this is obviously going to have a bad effect. >> thanks, maggie haberman. >> thank you. >> an interesting weekend we'll be watching. thanks very much. >>> this morning the white house is calling general norman schwarzkopf an american original. general colin p
he will be able to get the taxes on higher earners, tax increases that he's expecting to get. i think there's something for both sides here. i think it is worse for republicans in the longer term if we don't have a deal but i don't think this is going to look great for anybody short term. >> it's the illusion of progress. >> it's the illusion of progress, but you know look if we don't have a deal we are opening markets that are going to be in a bit of turmoil next week. that is what...
126
126
Jan 1, 2013
01/13
by
KPIX
tv
eye 126
favorite 0
quote 0
. >> so local governments have even higher taxes and the bay area taxes in el cerrito and union city are now at 9.5%. >>> there are also a number of new laws set to go into effect today. drivers in california can now text and email while driving if they use a voice-operated system. other laws restrict banks from pursuing so-called dual track foreclosures. and there are also several measures designed to ensure the safety of natural gas pipeline. but there's one contested measure that's still on hold a ban on gay conversion therapy. it will not go into effect because of a federal appeals court issuing a stay. >>> chp out in force last night looking for anyone who shouldn't be on the roads and here's a sobering thought. a dui can cost you up to $7,000. cbs reporter mark strassmann shows how some new technology could put the brakes on drunk driving. >>> reporter: >> so we want to take this device and implement it in the car. >> reporter: bud is leading a team creating technology that might prevent 10,000 drunk driving deaths a year. unlike this existing breathalyzer test for convicted dr
. >> so local governments have even higher taxes and the bay area taxes in el cerrito and union city are now at 9.5%. >>> there are also a number of new laws set to go into effect today. drivers in california can now text and email while driving if they use a voice-operated system. other laws restrict banks from pursuing so-called dual track foreclosures. and there are also several measures designed to ensure the safety of natural gas pipeline. but there's one contested measure...
889
889
Dec 24, 2012
12/12
by
KPIX
tv
eye 889
favorite 0
quote 0
there are eight days left for lawmakers to head off mandatory budget cuts and tax hikes, and nancy cordes is in honolulu where president obama is having his christmas vacation. nancy, good morning. >> reporter: good morning to you, rebecca. it's almost as if the president and congressional leaders have called a sort of time-out when it comes to the fiscal cliff. there are no major discussions going on right now about what to do now that talks between the president and the speaker appear to have stalled. in fact, the president and senate majority leader harry reid were both here in honolulu yesterday for the funeral of hawaii senator daniel inouye. we're told they didn't really discuss what to do next. before he left washington the president urged leaders to craft a sort of scaled down plan that simply extends the bush tax rates for the middle class and extends long-term unemployment benefits for another year. but, jeff and rebecca, it's really unclear whether even a package like that could pass both houses of congress. so the president is going to be cutting his vacation short and heading
there are eight days left for lawmakers to head off mandatory budget cuts and tax hikes, and nancy cordes is in honolulu where president obama is having his christmas vacation. nancy, good morning. >> reporter: good morning to you, rebecca. it's almost as if the president and congressional leaders have called a sort of time-out when it comes to the fiscal cliff. there are no major discussions going on right now about what to do now that talks between the president and the speaker appear...
250
250
Dec 25, 2012
12/12
by
KPIX
tv
eye 250
favorite 0
quote 0
more in taxes. >>> the excon who lured firefighters to their deaths left a note saying he wanted to burn down the neighborhood and do what i like doing best, killing people. >> we are being shot at. multiple fireman down, i'm shot. >> that was a call that a wounded firefighter made, william spangler burned his home yesterday and waited for first responders. he was armed a gun, a shot gun and a rifle. he opened fire when crews arrived. arrived. two firefighters were killed. >> just always there for you. you just take them for granted. you don't -- >> two more wounded are still in the hospital on this christmas day. spangler took his own life. his rifle is the same make and caliber weapon used by the newtown shooter. >>> families in connecticut are trying to find solace on this christmas day. the town is still reeling from the shooting that killed 26 people at the sandy hook elementary more than a week ago. residents say it's important to still celebrate christmas. >> fortunately we have many, many kids that are still here. it's all about them and being with family. we take one hour a
more in taxes. >>> the excon who lured firefighters to their deaths left a note saying he wanted to burn down the neighborhood and do what i like doing best, killing people. >> we are being shot at. multiple fireman down, i'm shot. >> that was a call that a wounded firefighter made, william spangler burned his home yesterday and waited for first responders. he was armed a gun, a shot gun and a rifle. he opened fire when crews arrived. arrived. two firefighters were killed....
232
232
Dec 29, 2012
12/12
by
KPIX
tv
eye 232
favorite 0
quote 0
people dumped tax returns, pictures of old lovers and anything that wreaks of 2012. a giant shredder, a dumpster and a rubber mallet were on hand to help people complete their mission. the event really is to say good- bye to past worries and fears. >>> a california -- california fans of the 1950s, '60s and '70s have a new way to show it, on cars. the dmv will start selling replica license plate designs from those years and the plates aren't just for classic car owners. they can be ordered for any type of vehicle. >> you can have it on your prius, you can have it on your -- you know, your new camaro. you can have it on anything, right? >> that's cool. a new way for california to make money. the legacy license plates cost $50 whether you personalize them or not. they're available to preorder starting on january 1st. i like that good riddance day. >> you know, the first car i ever bought, my '64mgb which we used on "eye on the bay," i had it in high school and it still has the first license plates. >> really. >> it came with it. i didn't buy it when it was new. i just s
people dumped tax returns, pictures of old lovers and anything that wreaks of 2012. a giant shredder, a dumpster and a rubber mallet were on hand to help people complete their mission. the event really is to say good- bye to past worries and fears. >>> a california -- california fans of the 1950s, '60s and '70s have a new way to show it, on cars. the dmv will start selling replica license plate designs from those years and the plates aren't just for classic car owners. they can be...
259
259
Dec 25, 2012
12/12
by
KPIX
tv
eye 259
favorite 0
quote 0
mountain viewh view, 54. 51 for naapa and low 40s for sap tax cuts rosa and san francisco. extended forecast, soggy late tomorrow. wednesday we will have rainfall around. thursday and friday looking good. saturday showers are back. sunday and monday, drying out. more rain moving in tomorrow. >> more and more. >> reporter: merry christmas. >> merry christmas to you. thanks, paul. >> we'll be right back. ,,,,,,,,,,,, now, a new clinic in alameda county is addressing not on the cost but... as dr. kim s us.. getting patients back s. >>> hand and wrist injuries are the most common injuries. >> as dr. kim shows us getting patients back to work and their families, and the cost is down. >> from holding a baby to cradling a smart phone, our hands are in constant use. curting, catchingings getting -- catching, getting work done. trigger finger tendonitis. >> it also hurts economically. 20% of all er visits are due to hand and wrist injuries costing up to $740 million a year. >> show me where the pain is. >> now one bay area hospital is offering a smart solution. at high land hospital
mountain viewh view, 54. 51 for naapa and low 40s for sap tax cuts rosa and san francisco. extended forecast, soggy late tomorrow. wednesday we will have rainfall around. thursday and friday looking good. saturday showers are back. sunday and monday, drying out. more rain moving in tomorrow. >> more and more. >> reporter: merry christmas. >> merry christmas to you. thanks, paul. >> we'll be right back. ,,,,,,,,,,,, now, a new clinic in alameda county is addressing not on...
399
399
Jan 1, 2013
01/13
by
KPIX
tv
eye 399
favorite 0
quote 0
taxes. three hours before the midnight deadline, senate majority leader mitch mcconnell and vice president joe biden emerged with a compromise on taxes and agreed to wait on slashing spending. >> this was the mini cliff. the big cliff still lies in front of us. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush-era tax cuts remain in place for individuals earning as much as $400,000 a year, far above the 250,000 level on which president obama campaigned. but those making more will see higher income taxes, capital gains, plus a new health care reform surtax. rob wood says you'll notice in your paycheck one popular tax cut will be history. >> the average person, say, earning $50,000 a year is going to pay about $1,000 more in payroll taxes in 2013. >> reporter: the fiscal cl
taxes. three hours before the midnight deadline, senate majority leader mitch mcconnell and vice president joe biden emerged with a compromise on taxes and agreed to wait on slashing spending. >> this was the mini cliff. the big cliff still lies in front of us. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do,...
328
328
Jan 1, 2013
01/13
by
KPIX
tv
eye 328
favorite 0
quote 0
payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very -- causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's the president of golden state magnetic. a $2 million a year los angeles company that inspects, cleans and paints high-tech aircraft and aerospace parts. everything from fighter jets to mars rovers. any cuts in defense spending could mean cuts in her business, too. and the waiting has her on a fiscal cliff of her own. what does it do if there's another, you know, month, two months, three months of this? >> i
payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's...
222
222
Dec 24, 2012
12/12
by
KPIX
tv
eye 222
favorite 0
quote 0
say the aftermath of super storm sandy and newtown connecticut shootings and possibility of higher taxes have people watching the bottom line, but here in the bay area consumer spending is following the normal trend. >> we had a spike black friday, a strong first two weeks of december, then it kind of let off and now it's back with a furry. >>reporter: a fury they hope translates to higher sales and holiday smiles. retailers count on the holiday shopping season for about 40% of yearly sales. >>> carolers in san francisco this morning. the they're collecting toys for children across the bay area. among the special appearances, the giant's world series trophy, santa, and the mayor. >> it's a great way to start christmas eve and wishing everyone a really merry christmas. >> you don't even have to go to the union square restaurant to donate. cabs are on call. just call them and they'll come to you and pick up donations. >>> how an emergency response falls into a deadly ambush. >>> how food allergies can lead to other problems at school. >>> how an extreme holiday house is turning the spirit
say the aftermath of super storm sandy and newtown connecticut shootings and possibility of higher taxes have people watching the bottom line, but here in the bay area consumer spending is following the normal trend. >> we had a spike black friday, a strong first two weeks of december, then it kind of let off and now it's back with a furry. >>reporter: a fury they hope translates to higher sales and holiday smiles. retailers count on the holiday shopping season for about 40% of...
544
544
Dec 29, 2012
12/12
by
KPIX
tv
eye 544
favorite 0
quote 0
he says the least congress can do is protect most american tax pairs from rising tax rates due to take effect in the next couple of days. the least, it appears, rebecca, appears to be the most they can do. >> thank you. we'll check back later in the program. for more on how we got into this situation and what happens if nothing happens. michael santoly, it's great to have both of you with us. where does this stand right now? >> right now they're negotiating and things are being worked out behind closed doors by the top leaders in the house and senate and the white house, but particularly on the senate side right now and the question is can the senate leaders get together and come up with a plan that can pass through the senate that will at least give us a band-aid to prevent all these fiscal cliff measures from kicking in. but then after that can it pass the house of representatives and will speaker john boehner be able to find a way to get it through that might require actually mostly democratic votes which will leave republicans very unhappy with him. you'll have a couple of needles
he says the least congress can do is protect most american tax pairs from rising tax rates due to take effect in the next couple of days. the least, it appears, rebecca, appears to be the most they can do. >> thank you. we'll check back later in the program. for more on how we got into this situation and what happens if nothing happens. michael santoly, it's great to have both of you with us. where does this stand right now? >> right now they're negotiating and things are being...
340
340
Dec 29, 2012
12/12
by
KPIX
tv
eye 340
favorite 0
quote 0
another tax you'll see rise is the estate tax. cbs reporter john blackstone shows us how tumbling off the fiscal cliff could destroy the legacy of a napa valley vineyard. >> reporter: when his great grandfather started farming her in the late 1800s... >> they farmed orchard fruit and cattle. >> reporter: but much of the land he grew up on is gone, sold, to pay estate taxes after his grandfather's death. >> had to sell all of it. >> estate taxes? >> yes. >> reporter: his grandfather died in 1972 when estate taxes were at an all-time high, 77%. >> it was a big tax bill. it was, you know, half a million dollars. we sold off 150 acres. it gave us something to pay the tax with. >> reporter: now, jeff and his wife marry worry their dream of passing the land on to their two daughters will be ruined by the fiscal cliff. the estate tax rate would rise from 35 to 55% on estates worth over $1 million. at today's prices in the napa valley, the land could easily be worth $8 million. >> you're wealthy, but it's all in the dirt. we're dirt rich,
another tax you'll see rise is the estate tax. cbs reporter john blackstone shows us how tumbling off the fiscal cliff could destroy the legacy of a napa valley vineyard. >> reporter: when his great grandfather started farming her in the late 1800s... >> they farmed orchard fruit and cattle. >> reporter: but much of the land he grew up on is gone, sold, to pay estate taxes after his grandfather's death. >> had to sell all of it. >> estate taxes? >> yes....
163
163
Dec 29, 2012
12/12
by
KPIX
tv
eye 163
favorite 0
quote 0
sales tax goes up .25% thanks to proposition 30. and state income taxes increase for households making more than $250,000. a year. >> can we go back to some better news? social media they addressed social media, yes? >> reporter: your employer cannot ask or you don't have to give them your social media user names and if you are applying for a new job, they can't ask you for what your user name is for a background check. >> thank you. >>> brian, i went outside about an hour ago and it felt like rain. it was cold and had that kind of feeling about it. >> it's really trying. it's raining over the ocean. we'll show you using hi-def doppler but first let's look at our camera that is heading towards san francisco, bay bridge if the foreground. pretty shot. on the doppler we're picking up a few cells offshore. you can see a little bit around the peninsula and some over the richmond/san rafael bridge. but aside from that, that was what the forecast was. most of these showers are going to stay offshore through the night, probably as we get t
sales tax goes up .25% thanks to proposition 30. and state income taxes increase for households making more than $250,000. a year. >> can we go back to some better news? social media they addressed social media, yes? >> reporter: your employer cannot ask or you don't have to give them your social media user names and if you are applying for a new job, they can't ask you for what your user name is for a background check. >> thank you. >>> brian, i went outside about an...
183
183
Dec 31, 2012
12/12
by
KPIX
tv
eye 183
favorite 0
quote 0
republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise but others want to government -- others want to see government spending put in check. >> the president is doing nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased revenue. >> senate is in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013 they may wake up wishing it was 2012 when they had more money in their pockets. andrew spencer reporting. >> the midnight deadline is 9:00 our time. if the deadline passes there could still be wiggle room if the president and lawmakers appear to be working towards an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, they could be repealed retroactively once a deal is reached. and you can keep tabs on the fiscal tal
republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise but others want to government -- others want to see government spending put in check. >> the president is doing nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased...
235
235
Jan 1, 2013
01/13
by
KPIX
tv
eye 235
favorite 0
quote 0
one step can be quite taxing. >> sales taxes here tomorrow 9.5%. sales tax right here tomorrow, 9%. >> reporter: so we're live here at safeway at the del norte bart station. it's mobbed. i'm not sure people are trying to save an extra penny every four dollars. it's new year's eve. but they are getting cheaper goods today and this tax will continue for the next four years. live in el cerrito, mike sugerman, cbs 5. >> thank you. >>> some people will have more money to spend come new year's. san francisco's minimum wage will be increased to $10.55 an hour. and that makes it the highest in the u.s. >>> a not guilty plea from a woman accused of killing a pedestrian at san francisco overlook. 23-year-old gina eunice appeared in court today on charges of vehicular manslaughter, dui and hit-and- run. police say her blood alcohol level was nearly three times the legal limit. but her attorney insists her million-dollar bail is unfair. >> i think it would be really so much better for this family which is not to denigrate what the yao family is going through b
one step can be quite taxing. >> sales taxes here tomorrow 9.5%. sales tax right here tomorrow, 9%. >> reporter: so we're live here at safeway at the del norte bart station. it's mobbed. i'm not sure people are trying to save an extra penny every four dollars. it's new year's eve. but they are getting cheaper goods today and this tax will continue for the next four years. live in el cerrito, mike sugerman, cbs 5. >> thank you. >>> some people will have more money to...
160
160
Dec 27, 2012
12/12
by
KPIX
tv
eye 160
favorite 0
quote 0
in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being withheld in their paychecks. cbs news in hawaii. >>> former president george h.w. bush is in intensive care at a hospital in houston. a fever that kept mr. bush in the hospital over christmas has apparently gotten worse. doctors have him on a liquid- only diet. a bush family spokesperson says t
in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts...
221
221
Dec 28, 2012
12/12
by
KPIX
tv
eye 221
favorite 0
quote 0
if no deal is reached, taxes will go up for nearly every american. senators reconvened thursday with tensions spilling over onto the floor. each side accused the other of stalling. >> speaker boehner is unwilling to negotiate. we've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's no. 1 goal is to get elected speaker on january 3. >> reporter: the two sides are at odds over tax cuts and spending. republicans say it's up to the democratically controlled senate and white house to reach an agreement. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: members of the house were told to come back to washington sunday evening. they would have
if no deal is reached, taxes will go up for nearly every american. senators reconvened thursday with tensions spilling over onto the floor. each side accused the other of stalling. >> speaker boehner is unwilling to negotiate. we've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john...
400
400
Dec 31, 2012
12/12
by
KPIX
tv
eye 400
favorite 0
quote 0
failure would be felt almost immediately in paychecks as taxes go up. and in financial markets as wall street reacts. even though the dow is up nearly 6% for the year if lost 2% this week as the deadline looms. for more on the potential impact of wall street i'm joined by jim awad chairman of plimsoll. let's talk about the fiscal uncertainity is figuring on wall street. >> it is figuring in an increasingly negative way. the markets are become increasingly concerned that business and consumers will pull back due to the uncertainty about tax and spending. and it's affecting the financial markets and the economy. >> jeff: a slow day tomorrow but how do you think we open? >> i think that if there is any rally it will be a fool's rallyment would you only get a rally if they announce something tonight. but the reality is that anything they announce would be light on fact and long on symbolic-- symbolism it wouldn't have a lot to do with entitlements. it wouldn't address the debt ceiling. so you could get a relief rally but i think the market was see through i
failure would be felt almost immediately in paychecks as taxes go up. and in financial markets as wall street reacts. even though the dow is up nearly 6% for the year if lost 2% this week as the deadline looms. for more on the potential impact of wall street i'm joined by jim awad chairman of plimsoll. let's talk about the fiscal uncertainity is figuring on wall street. >> it is figuring in an increasingly negative way. the markets are become increasingly concerned that business and...
304
304
Dec 24, 2012
12/12
by
KPIX
tv
eye 304
favorite 0
quote 0
but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest day of the holiday season behind black friday. r wever a cut in spending % recast from 3.3% of growth this year to 2.5%. parts of the u.s. will get a white christmas or more. tcheer storm watches have been issued for parts of arkansas and oklahoma. california is already getting wet. carter evans has the forecast. >> reporter: it's been bad enough. cars buried if they could move at all in the midwest. in california's sierra nevada, up to five feet of snow could fall. that's great news for skiers. >> we love the snow. c reporter: not for holiday fliers. >> the only option we have is to drive. >> reporter: the most violent y beher may be yet to come. and the timing couldn't be worse. >> it's going to be happening on christmas day and wh
but he's going to get tax rate hikes. ratey republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> glor: with christmas just two nuys away last minute gift buyers are out. today shopper track said raturday was the busiest day of the holiday season behind black friday. r wever a cut in spending % recast from 3.3% of growth this year to 2.5%. parts of the u.s. will get a white christmas or more. tcheer storm watches...
286
286
Dec 31, 2012
12/12
by
KPIX
tv
eye 286
favorite 0
quote 0
have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now, but republicans doan want to see new revenues, in other words, democrat tax increases, beused for new spending. >> the president has said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up or down vote. everybody should have a right to vote on that. you know, if republicans don't like it, they can vote no, but i actually think there's a majority support for making sure that middle-class families are held harmless. >> a white house proposal to increase estate taxes
have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now, but republicans...
389
389
Dec 28, 2012
12/12
by
WUSA
tv
eye 389
favorite 0
quote 0
it's true for the president as well because he knows he will get to tax the higher earnings. i tlifrmg is something for both sides here. it think it is worse for republicans in the longer term if we don't havinge a deal, but don't think it's great for anybody, i just don't. >> it's the ill lesion of mark ts. >> we're going to open a market next week that's in turmoil, right? we're not going to look at the balance sheet and say it's worse for boehner. >> and not just in the united states but the world is watching this. >> that's right. there are serious, sear lus implications. >> thanks, maggy haverman. >>> this morning he's being called a general. the commander of operation desert storm died thursday of complications of pneumonia. as bob yore reported general schwarzkopf was one of the most decorated leaders. >> reporter: he delivered fiery briefings during the 1991 persian gulf war. >> is simple fact of the matter is that now every time an iraqi airplane takes off the ground it's running away. >> reporter: the american-led coalition to remove saddam hussein's forces from kuw
it's true for the president as well because he knows he will get to tax the higher earnings. i tlifrmg is something for both sides here. it think it is worse for republicans in the longer term if we don't havinge a deal, but don't think it's great for anybody, i just don't. >> it's the ill lesion of mark ts. >> we're going to open a market next week that's in turmoil, right? we're not going to look at the balance sheet and say it's worse for boehner. >> and not just in the...
321
321
Dec 24, 2012
12/12
by
KPIX
tv
eye 321
favorite 0
quote 0
to my republican colleagues, if we can protect 99% of the americans from a tax hike, that is not a tax increase in my books. >> if there's no deal on new year's day, households between $50,000 and $75,000 will see an increase of $2,399. meanwhile households with $5 money,0 $00,000 to 1 mill could see an crease of $3900. >>> overseas an attack on americans in afghanistan. police officers, over 50 have been killed by police and soldiers this year. >>> in syria a british-based human rights group said over 60 people were killed when there was an attack on a backry. yesterday's air strike was an apparent retaliation for new rebel offensive. elizabeth palmer visited the town in southern syria that's alive with assad regime. >> reporter: conflict has engulfed syria over the past 21 months from one end of the country to the other, but so far it's barely touched the town in southern syria near the border with jordan. the people who live here are a religious group that's allied itself with president bashir al assad. when we arooived in town to meet the governor syrian state media was waiting for
to my republican colleagues, if we can protect 99% of the americans from a tax hike, that is not a tax increase in my books. >> if there's no deal on new year's day, households between $50,000 and $75,000 will see an increase of $2,399. meanwhile households with $5 money,0 $00,000 to 1 mill could see an crease of $3900. >>> overseas an attack on americans in afghanistan. police officers, over 50 have been killed by police and soldiers this year. >>> in syria a...
422
422
Dec 30, 2012
12/12
by
KPIX
tv
eye 422
favorite 0
quote 0
taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also negotiating an extension of unemployment benefits for some 2 million jobless americans, without a deal those checks will stop next week for this mother of five who has been searching for work since february. >> if congress does not extend the unemployment benefits, then i would be without a home and i really don't know what else we would do. >> reporter: the deal under discussion in the senate right now doesn't even include the biggest part of the fiscal cliff, that 1.2 trillion dollars in mandatory budget cuts, spen
taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >>...
333
333
Dec 24, 2012
12/12
by
KPIX
tv
eye 333
favorite 0
quote 1
the social security payroll taxes are set to increase on january the 1st. you will see an immediate cut in your take-home pay. >>> the senator from idaho is apologizing for being arrested over the weekend. senator michael crepo was charged with driving under the influence. he was pulled over early yesterday froms agoryia, virginia outside of washington. the senator says he is he is deeply sorry and will deal with the consequences. >>> charges could be filed as soon as today against a driver accused of striking several pedestrians in san francisco. one of the victims, a woman from china died from her injuries after thursday night's accident on christmas three- point road. the woman was arrested on suspicion of felony duics and hit and run. >>> other bay area headlines, the murder rate in the city of richmond is at its lowest level since 2001. richmond has had 18 homicides this year. it was nearly three times that just three years ago. the contra costa times requires law enforcement and community efforts. they say it's made a difference. richmond has 190 poli
the social security payroll taxes are set to increase on january the 1st. you will see an immediate cut in your take-home pay. >>> the senator from idaho is apologizing for being arrested over the weekend. senator michael crepo was charged with driving under the influence. he was pulled over early yesterday froms agoryia, virginia outside of washington. the senator says he is he is deeply sorry and will deal with the consequences. >>> charges could be filed as soon as today...
264
264
Dec 28, 2012
12/12
by
KPIX
tv
eye 264
favorite 0
quote 0
taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they're playing games with people's lives. i don't think that's correct. >> it's just unfortunate that at this point the two sides can't come together because it's been like that for the last four or five years. >> reporter: 2 million americans will also lose jobless benefits on saturday if a deal isn't reached and the nation's borrowing limit to finance our $16 trillion debt will also be reached on monday. danielle nottingham, cbs news, washington. >>> my own mom at christmas dinner told me do not raise my taxes. >> after a few words of advice at home the bay area's newly elected congressman is about to get a crash course in washington politics. how the young lawmaker thinks he can help what many consider a broken system. ======b r e a k >> on tap for the next 24 hours more rain and i guess some big waves, too right, liz? >> we have a high surf advisory in effect for tomorrow. in the meantime we've got co
taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they're playing games with people's lives. i don't think that's correct. >> it's just unfortunate that at this point the two sides can't come together because it's been like that for the last four or five years. >> reporter: 2 million americans will also lose jobless benefits on saturday if a deal isn't reached and the nation's borrowing...
656
656
Jan 1, 2013
01/13
by
KPIX
tv
eye 656
favorite 0
quote 0
. >> sales tax right here tomorrow, 9.5%. >> sales tax right here tomorrow, 9%. >> reporter: the tax from prop 30 will last the next four years. in el cerrito, mike sugerman, cbs 5. >>> coming up in the next half hour a live report from washington, d.c. the latest on the "fiscal cliff" fiasco. and we'll look more closely at one part of the budget debate that's drawn a lot of attention, the possibility of skyrocketing milk prices. >> and a new report on the benghazi disaster levels more harsh criticism of the state department. >> the california supreme court hands down one last ruling on bumper cars in 2012 next. >> and one more fireworks extravaganza before the break and this might qualify as the biggest of the year. earlier we showed you taipei 101. here's the world's tallest building, the burj khalifa that serves as the centerpiece for the fireworks in dubai. oh, my gosh, that's amazing. we're back in 2.5 minutes. ,,,,,, ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we'r
. >> sales tax right here tomorrow, 9.5%. >> sales tax right here tomorrow, 9%. >> reporter: the tax from prop 30 will last the next four years. in el cerrito, mike sugerman, cbs 5. >>> coming up in the next half hour a live report from washington, d.c. the latest on the "fiscal cliff" fiasco. and we'll look more closely at one part of the budget debate that's drawn a lot of attention, the possibility of skyrocketing milk prices. >> and a new report on...
194
194
Dec 26, 2012
12/12
by
KPIX
tv
eye 194
favorite 0
quote 0
also be back in session on thursday without a deal by the end of the year automatic spending cuts and tax increases going into effect. >>> starbucks is trying to do what it can to urge a "fiscal cliff" compromise. the coffee chain is asking employees at its cafes in the d.c. area to write the words "come together" on cups for the next two days. starbucks plans to continue the effort on social media. >>> encouraging signs in the housing market. home prices rose in most major cities in october up more than 4% from a year earlier and october was the fifth straight month of year-over-year gains. taking a look at the big board now, you can see that stocks are down today in a light trading session. you can see the dow is down about 9 points. >>> a bay area family and the season of giving. how the kindness of strangers helped save a family's injured dog. ,,,,,,,,,,,,,, donors for saving their dog. c-b-s-5 reporter christin ay >>> a you can bay area couple is thanking -- a young bay area couple is thanking anonymous donors for saving their dog. christin ayers shows us how strangers saved the dog
also be back in session on thursday without a deal by the end of the year automatic spending cuts and tax increases going into effect. >>> starbucks is trying to do what it can to urge a "fiscal cliff" compromise. the coffee chain is asking employees at its cafes in the d.c. area to write the words "come together" on cups for the next two days. starbucks plans to continue the effort on social media. >>> encouraging signs in the housing market. home prices...
242
242
Jan 1, 2013
01/13
by
KPIX
tv
eye 242
favorite 0
quote 0
middle income tax pairs will not see their taxes go up, income taxes go up and a lot of the cuts that are in the sequestration are simply put off for two months. so we are going to have another showdown here in february and march. >> can you give us an idea what kind of feedback you got from constituents in northern california? and give us a little idea what the weekend was like in the chapel ber, how many hours. it must have been crazy in the chamber. >> well, the constituents in northern california want us to work together and get things done. and what happened in the last couple of days in the house was almost nothing. the action was over in the senate between the senate and the white house. vice president biden and mcconnell ultimately worked out a deal. and the house is in a situation now where it's take it or leave it. we're going to be taking it. basically, we have been marking time for the last three or four days in the house as i think most people know, there was a total breakdown in the house of representatives before christmas. speaker boehner proposed his plan b. that did
middle income tax pairs will not see their taxes go up, income taxes go up and a lot of the cuts that are in the sequestration are simply put off for two months. so we are going to have another showdown here in february and march. >> can you give us an idea what kind of feedback you got from constituents in northern california? and give us a little idea what the weekend was like in the chapel ber, how many hours. it must have been crazy in the chamber. >> well, the constituents in...
197
197
Dec 30, 2012
12/12
by
KPIX
tv
eye 197
favorite 0
quote 0
the democrats insist the wealthy pay more in taxes. >> the president's tax hike would only fund the government for l days. americans deserve to know what does the president propose we do for the over 357 days of the year. sdmrsz -- >> president omaba insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just afford a wound to our economy. >> if sunday's negotiations don't pan out the president says he's red to -- he's ready to propose his own scaled back bill that would preserve expiring unemployment benefits. >> with the deficit ticking higher -- >> it's disgusting. >> miss ing in all the last minute negotiations is talk of the 1.2 trillion in mandatory spending cuts scheduled to go into effect tuesday. >> the fiscal cliff count down is the big topic on this morning's fogs the morning -- face the nation. there's two big visitors. it starts right after this newscast at 8:30 on cbs 5. >>> plastic shopping bags may soon be the fast. >> the final 2 days for those bags in an entire bay area county. >> a 2012 close, a look back at some of the big stories in
the democrats insist the wealthy pay more in taxes. >> the president's tax hike would only fund the government for l days. americans deserve to know what does the president propose we do for the over 357 days of the year. sdmrsz -- >> president omaba insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just afford a wound to our economy. >> if sunday's negotiations don't pan out the president says he's red to -- he's ready to...
617
617
Dec 25, 2012
12/12
by
KPIX
tv
eye 617
favorite 0
quote 0
end of the year. >> come january we're going to hit economic hangover when taxes are going to go up and everyone and ebe miserable. >> reporter: analysts say sales ana been strong this holiday season partly because many retailers started cutting prices ngrly. that meant bargains for christmas shoppers but, jeff, may mean lower profits for the jefes. >> glor: john blackstone, thank rou. john mentioned the fiscal cliff. tinight we've learned democrats emocraw moving ahead on their hei plan to avoid it now that talks have broken down with john boehner. white house and congressional leaders have until january 1 to lork out a budget deal. resident obama is in hawaii on udget dn. nancy cordes is there as well. nancy, good evening. nancy, goor: jeff, this would : sentially be a last-ditch effort to avert the fiscal ially be sources tell us that aides to the president have been in talks preliminary talks, with aides to senate majority leader harry elf who himself was here in hawaii this weekend for the funeral of senator daniel inouye. eid is now working, we're told, on a smaller package th
end of the year. >> come january we're going to hit economic hangover when taxes are going to go up and everyone and ebe miserable. >> reporter: analysts say sales ana been strong this holiday season partly because many retailers started cutting prices ngrly. that meant bargains for christmas shoppers but, jeff, may mean lower profits for the jefes. >> glor: john blackstone, thank rou. john mentioned the fiscal cliff. tinight we've learned democrats emocraw moving ahead on...
303
303
Dec 27, 2012
12/12
by
KPIX
tv
eye 303
favorite 0
quote 0
the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today showed home prices were up 4.3% in october compared to last year. prices rose in 18 of the 20 largest cities. tonight, 88-year-old george h.w. bush remains in a hospital in houston where he's been since last month battling a bad cough. the former president now has a persistent fever. bob orr joins us now from washington with details. bob. >> reporter: good evening, jim. well, a spokesman for the bush family says that former president george h.w. bush is in "guarded condition," with that stubborn fever you mentioned that's not responding well to tylenol. the 88-year-old former president is on a liquid diet, and tonight he's in an intensive care unit at the houston
the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today showed home prices were up 4.3% in october compared to last year. prices rose...
381
381
Dec 28, 2012
12/12
by
KPIX
tv
eye 381
favorite 0
quote 0
that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good sign? >> reporter: well, it is in the sense that if the senate does manage to pass something, the house would be here to vote on it, as well. originally, speaker boehner had told his members that he would give them 48 hours' notice if they were needed back here at the capitol, but there was a recognition, i think, that it just looked bad for the house to be gone when we were so close to the fiscal cliff deadline. >> glor: nancy cordes, thank you. major garrett has been following developments at the white house. major, what is the president's next move? >> reporter: it is not a breakthrough but it is a
that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good...
791
791
Dec 31, 2012
12/12
by
KPIX
tv
eye 791
favorite 0
quote 0
the democrats are divided on tax rates, on the death tax, on taxes on small business and the republicans are holding firm that you actually have to deal with the number one problem in our nation which is the spending our debt. >> senator, the senate is reconvening this morning. how close are we actually to some kind of a deal here? >> i'm hoping that we get an arrangement and an agreement because the american people deserve certainty. what we ought to do is put a bill on the senate floor and let people offer amendments and vote on them. we shouldn't be here waiting for people to cut deals on back rooms. the american people ought to be able to watch the discussion and the debate and how people vote on various issues the death tax, tax rates, and how the money is going to be used because that's the big question. how are they going to use the money? >> senator, we heard president obama say in an interview that if congress can't get anything done and we go over the fiscal cliff, that plan "d" essentially is to have another vote on january 4th when the new congress comes in, and that would ju
the democrats are divided on tax rates, on the death tax, on taxes on small business and the republicans are holding firm that you actually have to deal with the number one problem in our nation which is the spending our debt. >> senator, the senate is reconvening this morning. how close are we actually to some kind of a deal here? >> i'm hoping that we get an arrangement and an agreement because the american people deserve certainty. what we ought to do is put a bill on the senate...
206
206
Jan 1, 2013
01/13
by
KPIX
tv
eye 206
favorite 0
quote 0
taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own drugs. as long as it's not sold, it's legal in colorado. where do they get it? >> let's not ask. >>> if you partied hard last night we have the magic veggie to cure your hangover. we'll tell you about that. >> maybe your new year's resolution is hitting the gym. meet a couple that plans to run a marathon every day this year. wow. >> you're going to meet them. ,, ,,,, new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing.
taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own drugs. as long as it's not sold, it's legal in colorado. where do they get it?...
235
235
Dec 31, 2012
12/12
by
KPIX
tv
eye 235
favorite 0
quote 0
tax rates. we'll also see unemployment benefits expire for millions and also, those automatic spending cuts, those will affect the defense department, other federal agencies. so there are some immediate effects here, michelle. >> we're looking at some live pictures now of the house floor. tell me, what will the president do if the senate cannot come up with an agreement? >> reporter: well, the president says if senators reid and mcconnell can't bring him an agreement, that he is going to ask senator reid to bring up his own plan it extend the bush- era tax cuts for the middle class and also to save the unemployment benefits. he is going to bring it up for an up-or-down vote. he says if republicans don't want it they should say no, but the public should know. >> we'll have to see what happens. danielle nottingham live in washington, thank you. >>> and remember, you can keep track of the fiscal talks anytime by logging on to our website, cbssf.com. >>> what do they say, work expands to fill the av
tax rates. we'll also see unemployment benefits expire for millions and also, those automatic spending cuts, those will affect the defense department, other federal agencies. so there are some immediate effects here, michelle. >> we're looking at some live pictures now of the house floor. tell me, what will the president do if the senate cannot come up with an agreement? >> reporter: well, the president says if senators reid and mcconnell can't bring him an agreement, that he is...
179
179
Dec 31, 2012
12/12
by
KPIX
tv
eye 179
favorite 0
quote 0
republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise. but others want to see government spending put in check. >> the president is doing nothing about the addiction of his administration he has to spending. he is the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate stands in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013, they may wake up wishing it were 2012 when they had more money in their pockets. i'm andrew spencer reporting. >>> just to clarify, the mid into the deadline is 9:00 our time. if the deadline comes and goes, there could still be some wiggle room if the president and lawmakers appear to be working toward an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, then could be repealed retroactively once t
republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise. but others want to see government spending put in check. >> the president is doing nothing about the addiction of his administration he has to spending. he is the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of...
151
151
Dec 24, 2012
12/12
by
KPIX
tv
eye 151
favorite 0
quote 0
taxes will go up on january 1st if they don't reach a deal. >> i've asked leaders of congress to work toward -- it protects unemployment insurance for 2 million americans, and laze the groundwork for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would still be ready as far as the eye can see and hurt jobs. >> president obama said he will cut his hawaiian vacation short to hammer out a deal with congress with the deadline a short week away. >>> 5:18 now. >>> the nra is adamant about its idea of placing armed guards in the nation's schools. >> this comes as diane fine stein promises to introduce new gun control legislation in the new year. the head of the nra put the game on violent video games and problems with the mental health system insisting another assault weapons ban is not the answer. >> it doesn't work. diane fine stein had her ban, and columbine occurred. >> hundreds of protests yesterday. >>> amid the debate over gun controls and restrictions, bay area ranges are seeing a sharp increase in the number of people who want fir
taxes will go up on january 1st if they don't reach a deal. >> i've asked leaders of congress to work toward -- it protects unemployment insurance for 2 million americans, and laze the groundwork for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would still be ready as far as the eye can see and hurt jobs. >> president obama said he will cut his hawaiian vacation short to hammer out a deal with congress with the deadline a...
193
193
Dec 26, 2012
12/12
by
KPIX
tv
eye 193
favorite 0
quote 0
leader harry reid was reportedly at the capital on christmas working on a scaled-down plan to avoid tax hikes for all about the wealthiest americans. his plan would include short term spending cuts instead of long-term deals that had been sought. >>> from hawaii. comes word that president obama will cut short vacation and return to washington later today to take part in "fiscal cliff" negotiations. christmas day the president and first lady met with servicemembers and their families. the president told the marines he was grateful for their service and posed pour pictures. >>> recent college graduates are having a tough time getting jobs in their desired lines of work. according to the latest u.s. census figures about 2 60,000 young adults with college degrees in california are working in food service and retail. >> couldn't get a job in the field that i wanted to so i figured i have to start at the bottom. >> without higher paying jobs, it's that much harder for graduates to pay back student loans weapon tuition rising across the nation. >>> the holiday season isn't what it used to be f
leader harry reid was reportedly at the capital on christmas working on a scaled-down plan to avoid tax hikes for all about the wealthiest americans. his plan would include short term spending cuts instead of long-term deals that had been sought. >>> from hawaii. comes word that president obama will cut short vacation and return to washington later today to take part in "fiscal cliff" negotiations. christmas day the president and first lady met with servicemembers and their...
143
143
Dec 27, 2012
12/12
by
KPIX
tv
eye 143
favorite 0
quote 0
higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many parts of the country, in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. >> good morning? >> reporter: house republicans scuttled the proposal from speaker john boehner last week and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> reporter: republican pollster frank lund says americans are fed up with gridlock in washington. >> there is no compromise and i think that's going to grow as a
higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many...
247
247
Dec 28, 2012
12/12
by
KPIX
tv
eye 247
favorite 0
quote 0
that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime. cold temperatures are dipping below freezing now. look at fairfield, that's just dropped to 31 degrees. some people scraping some frost off their windshields this morning. 39 in vallejo. 35 santa rosa. so all that blue tells us it's chilly. and unfortunately by this afternoon, well, i guess it's fortunately if you like the cold weather, but it is going to be slightly cooler today than yesterday. a lot of low 50s. 52 santa rosa. only 50 in fairfield. a little more mild around the bay, 54 in oakland and fremont. as frank just mentioned, the rain, light rain set to hit the bay area friday after
that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime....
235
235
Dec 26, 2012
12/12
by
KPIX
tv
eye 235
favorite 0
quote 0
time is running out huge tax hikes and spending cuts threaten to push the economy into recession. no specifickings for how the senate and house plan to tackle the work tomorrow. >> new taxes to pay for the affordable healthcare act will take effect january 1 but the average american won' see a difference. the wealthiest 2% of americans and had healthcare industry will pay the tab mostly. >>> the standard & poor's kay schiller national index of house sales shows prices are up 4.3% in october up from 3% annual gain in september. >>> starbucks has its own plan to encourage lawmakers to reach a "fiscal cliff" compromise. the coffee giant surging employees in some of its 120 washington area shops to write the words, come together on cups of java. let's send it back to you. >> thank you. >>> looks like shoppers just weren't in the holiday spirit this year. >> holiday sales growth was the weakest since 2008. one report put the increase at 0.7%. that's far below analysts' predictions of 3 to 4%. experts blamed superstorm sandy and the looming "fiscal cliff" for disrupting shopping. back t
time is running out huge tax hikes and spending cuts threaten to push the economy into recession. no specifickings for how the senate and house plan to tackle the work tomorrow. >> new taxes to pay for the affordable healthcare act will take effect january 1 but the average american won' see a difference. the wealthiest 2% of americans and had healthcare industry will pay the tab mostly. >>> the standard & poor's kay schiller national index of house sales shows prices are up...
228
228
Dec 28, 2012
12/12
by
KPIX
tv
eye 228
favorite 0
quote 2
many republicans are against any tax increases. most americans just want something to be done. >> people are just tired of partisanship and they want everyone to come together. >> reporter: if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to another recession. i'm ed payne reporting. >>> president obama appears to have more backing from the public in budget negotiations. a gallup tracking poll released wednesday gives mr. obama 54% support compared to 26% for house speaker john boehner. >>> 5:02. a looming dock worker strike threatens to hurt the economy, as well. longshoremen are locked in negotiations with shipping companies over royalties paid to workers for each ton of cargo they move. a shutdown would impact 15 ports along the east coast and the gulf and officials estimate it will cost $1 billion a day. >>> 5:03. let's check traffic and weather. we had a break yesterday but i guess rain is coming back. >> it's all gone. >> hello. >> it didn't last very long. we got rain headi
many republicans are against any tax increases. most americans just want something to be done. >> people are just tired of partisanship and they want everyone to come together. >> reporter: if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to another recession. i'm ed payne reporting. >>> president obama appears to have more backing from the public in budget negotiations. a gallup tracking poll released wednesday gives mr....
367
367
Dec 25, 2012
12/12
by
KPIX
tv
eye 367
favorite 0
quote 0
. >> this would undo a lot of the good of the extra taxes carolinianstns are willing to invest. particularly special needs would have cuts as much as 10 10%. also, the meals program. >> it is not just the immediate cuts that worries the local officials. it is also the on going uncertainty that comes from the stalemate in washington, a stalemate that bay area officials fear could affect the economy just when it is starting to recover. >> we are looking guard to a better economy. this would ruin all the progress that has been made. >> it is a signal that we can't get together. that is probably the worst decisions in the future. >> the fear is the uncertainty will go on, even if there is an agreement. the cuts may come but it is the uncertainty in these times and the one for new investment to be becoming in the bay area that has local officials worrying we may just wind up sinking into the mud once again. phil matier. back to you. >> i think a lot of peel thought this staring contest wouldn't have gone on. >> reporter: some people thought the election might have answered some of th
. >> this would undo a lot of the good of the extra taxes carolinianstns are willing to invest. particularly special needs would have cuts as much as 10 10%. also, the meals program. >> it is not just the immediate cuts that worries the local officials. it is also the on going uncertainty that comes from the stalemate in washington, a stalemate that bay area officials fear could affect the economy just when it is starting to recover. >> we are looking guard to a better...